Bitcoin Chart

This is my updated BTC chart. We should stay in the purple wedge until we hit the dull red resistance line.

Comment:

Finished its Elliot Triangle Wave, and now we are in the dark purple channel. 9700 is a major local resistance and if we break that, BTC 0.66% should continue to follow that channel until we hit the first purple line. Once BTC 0.66% Gets to that point, expect a slight correction and if the market is truly bullish we can expect BTC 0.66% to break that resistance on the second or third test. If all of this happens confidence should return to the market and new money should start flowing in. Also, the purple boxes show where changes in markets are going to be (Bull or Bear). The faded out light red line shows the last resistance before BTC 0.66% goes to the moon, so if we break that BUY BUY BUY.


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Comment:

We may be going down again as we hit this major resistance